1/ TFL is announcing Project Dawn, a new funding initiative for critical infrastructure improvements and core technologies to supplement the accelerating growth of the Terra ecosystem.
Details:
Conversation
2/ Terra’s meteoric growth in 2021 has been thrilling. Eye-popping metrics from swelling TVL to social engagement have become characteristic of the rapidly growing ecosystem, supported by an amazing community of #LUNAtics.
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3/ However, the staggering growth rate has highlighted the need for both core technologies and infrastructure in the Terra ecosystem to scale in line with the exploding ecosystem.
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4/ Degraded user experience during market turbulence (Anchor, Pylon and TWD launches) has shown that a lot of work remains to be done to bring the Terra financial infrastructure to maturity.
And so we shall.
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5/ We're funding Dawn with a starting capital commitment of $150M (5M Luna), and with that money we will do three things:
1. Build a core cosmos contributor org
2. Invest in the ecosystem's node infrastructure
3. Diversify validator / oracle infrastructure
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6/ First, we will build out an engineering team within TFL to contribute to core technologies animating the Terra blockchain: Cosmos SDK, Tendermint and CosmWasm.
This initiative will add much needed firepower to Cosmos core tech development.
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